 |
| Event |
Maturity/death benefits payable |
Death Benefit
|
In case of death before the end of the policy term, Sum Assured or the value of the units whichever is higher in the Life assured's account, is payable to the nominee.
If policyholder opts Cover plus, the death benefit equal to "Sum Assured + Value of the units" will be paid.
In case of minor lives risk cover starts from the age of 7 years last birth day or after 2 years from the date of commencement of policy, whichever is later.
In case death occurs before commencement of risk the value of units will be paid as death benefit. |
Maturity Benefit
|
On surviving up to the end of the term,
the value of the units as on date of maturity will be paid to the policyholder.
|
Unit Plus
|
For Terms 15 and 20 and 25 years:
At the end of the 15th policy anniversary 50% of the basic annualized premium will be added to the policy holder unit account as Unit Plus.
A Policy lapsed before the death becomes due and is revived within the revival period shall alos be eligible for this addition as and when due.
|
Maturity Plus
|
For all terms:
25% of the basic annualized premium will be givent to the policy holder at the time of maturity.
|
|
| Condition |
Limit |
| Minimum entry age |
0 years age last birthday |
| Maximum entry age |
50 years age last birthday |
| Maximum maturity age |
75 years age last birthday |
| Policy term |
10 or 15 or 20 or 25 years fixed |
| Premium payment term |
Same as policy term |
| Minimum sum assured |
5 × Annualized Premium |
| Maximum sum assured |
Subject to underwriting
considerations. |
| Minimum Annualized Premium |
10 year term : Rs.35,000
15 year term : Rs. 25,000
20 year term : Rs. 15,000
25 year term : Rs. 10,000 and No limit for Maximum
|
|
| Policy Term |
Minimum Installment Premium |
| 10 Years |
Yearly Rs.35, 000/-
Half Yearly Rs.21,000/-
Quarterly Rs.12,000/-
Monthly Rs.4,500/- |
| 15 Years |
Yearly Rs.25, 000/-
Half Yearly Rs.13,000/-
Quarterly Rs.7,000/-
Monthly Rs.2,500/- |
| 20 Years |
Yearly Rs.15, 000/-
Half Yearly Rs.8,000/-
Quarterly Rs.4,000/-
Monthly Rs.1,500/- |
| 25 Years |
Yearly Rs.10, 000/-
Half Yearly Rs.5,000/-
Quarterly Rs.2,500/-
Monthly Rs.1,000/- |
|
